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Development Pipeline

Habyt Expands with a New Opening in Leipzig

Habyt, a leading global provider of co-living and flexible housing, continues its steady expansion across Europe. Building on its presence in Germany's Top-7 cities, Habyt is now entering the rapidly growing Leipzig market, marking a major milestone as its 20th European location. This latest opening underscores Habyt's ongoing growth and reinforces its position as a key player in the European market. Encompassing approximately 6,200 square meters of gross floor area, this new development features a total of 185 fully-furnished units in 75 apartments, complete with a community space and rooftop terrace. The building is part of a development that also includes a newly-built hotel operated by Radisson. Strategically located in the Zentrum-Nord district, the project is set to welcome its first residents in December 2024. With its central position, the development provides easy access to Leipzig's main train station and inner city, while the surrounding area offers an exciting mix of shopping, dining, and entertainment options. Habyt, a leading global provider of co-living and flexible housing, is proud to announce its continued expansion across Europe with the launch of its latest development in Leipzig, Germany. This new project marks not only Habyt's entry into the Leipzig market but also its presence in a landmark 20th European city, further cementing the company's position as a key player in the flexible housing industry. The Leipzig opening follows two other major milestones for Habyt: a market entry in Brussels and a new development in Madrid, as the company continues to bring its innovative housing solutions to new locations across the continent.

Habyt
Leipzig, Germany
Press Release Sales & Marketing

Tourism innovations of tomorrow: ITB Berlin opens call to submit innovations for the eTravel Stage and ITB Innovators

Innovations are decisive for the success of developing and securing the future of the tourism industry. As the World’s Largest Travel Trade Show, ITB Berlin offers these innovations a groundbreaking platform. From 4 to 6 March 2025 the eTravel Stage, an integral part of the ITB Berlin Convention, will be focusing on technological change and digital progress in the travel industry. Experts can share their knowledge with an international audience of trade visitors at a total of five theme tracks. With the ITB Innovators, ITB Berlin puts the spotlight on the visionaries in the travel industry. The future-oriented platform presents the latest products, innovations and services by ITB Berlin’s exhibitors that have the potential to make a long-term impact on the industry.

ITB Berlin
Germany
Development Opening

Radisson RED debuts in Germany with its opening in Berlin

The newly opened Radisson RED Berlin Kudamm welcomes guests with cutting-edge lifestyle design. Following the extensive refurbishment and renovation of an existing hotel, Radisson RED Berlin Kudamm features a progressive design scheme, consisting of contemporary and elegant interiors infused with strong art and design features, perfectly aligned with Radisson RED's signature creative and bold aesthetic. Various materials, including wood, steel, stone, velvet and other soft fabrics, are used in a wide variety of colors and patterns for an eclectic, inviting and cool vibe in the public spaces.

Radisson Red
Berlin, Germany
Development Renovation

Hotel Taschenbergpalais Kempinski Dresden Completes Renovation

Around six months after the ceremonial reopening of the Hotel Taschenbergpalais Kempinski Dresden (Germany) on 15 February 2024, the renovation work is now complete. The legacy of Augustus the Strong and Countess Cosel shines through and through in sublime splendour in its 180 rooms and 31 suites. As soon as you enter the hotel, you will notice the sophisticated lighting concept in the lobby, with an installation modelled on the course of the River Elbe.

Kempinski
Dresden, Germany
Supplier News Markets & Performance

Oktoberfest Set to Drive a Third of Munich’s Hotel Bookings this Autumn: SiteMinder

Berlin, Germany – Hotel bookings during Oktoberfest are pouring into Munich and are set to account for 32% of the host city’s reservations this autumn. This is according to new data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, which analysed forward bookings during the world’s most iconic beer festival celebrated in Bavaria within southern Germany.

SiteMinder
Germany
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Tambourine
Press Release Markets & Performance

Berlin Hotel Market Spotlight

Berlin is at the top of the list of the world's favourite destinations for city breaks, both in Germany and internationally. The hotel landscape is correspondingly lively - increasingly sustainable and with numerous modern, new and individual concepts.

After expecting a slight revival in the hotel investment market at the beginning of the year, our latest Hotel Market Spotlight for Berlin now looks at the hotel performance itself.

How have profits and revenues developed within a year (H1 2024 vs. H1 2023)? Have operating costs and expenses increased? And what proportion do wage and labour costs account for? Here are the key findings:

Spotlights

  • Despite considerable cost pressure, the full-service branded hotels in Berlin recorded rising profits in the first half of 2024.
  • The occupancy rate reached 71% in the first half of 2024, up from 68% in H1 2023.
  • While utility costs fell by 23%, the overall operating expenses increased by 13%. Labor costs recorded the strongest growth of 10% compared to the previous year.
  • Nevertheless, thanks to 4% revenue growth, the GOP (gross operating profit) per available room rose by 2%.

Christine Mayer, Partner, Valuation & Advisory Services:

'The revenue of hotels in Berlin continues to recover, underpinned by Berlin’s popularity as a tourism and business destination. It is good to see that this also translates into improved nominal profits despite the cost pressures. A good sign for hotel investors and operators.’

Access the full report here

Cushman & Wakefield
Berlin, Germany

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Mews
Opinion Article Markets & Performance

Berlin Market Pulse 2024 – A Bright Outlook

Berlin, Germany’s largest city with a population exceeding 3.7 million, is a vibrant hub of culture, innovation and diversity. Renowned for its top universities, dynamic sports events, world-class museums and captivating arts scene, Berlin offers a rich tapestry of experiences. With residents of 190 different nationalities, Berlin embraces inclusivity and creativity, making it a truly cosmopolitan destination.

Julia DzerkachAlexandra Dumoulin
By Julia Dzerkach and Alexandra Dumoulin
Berlin, Germany
Development Opening

Hard Rock International Brings Its New Hotel Brand to Europe With Opening of REVERB by Hard Rock Hamburg

Hard Rock International's highly anticipated hotel, REVERB by Hard Rock® Hamburg, is now open. REVERB by Hard Rock® is a unique hotel brand designed to be an energetic cultural hub for connection, creation and inspiration among music fans, locals and travellers alike. The hotel is located within the historic St. Pauli Bunker and vibrant neighborhood known for its bustling port, remarkable architecture and cultural scene. The property features a modern design, traveller-friendly integrated technology and programming that infuses local music, food and lifestyle.

REVERB by Hard Rock
Hamburg, Germany
Development Pipeline

Europacity in Berlin welcomes 182 new Habyt units located at Quartier Heidestraße

Habyt, the world's leading flexible housing provider, and QH Development 2 GmbH & CO KG announce the opening of 182 new units in Berlin's groundbreaking Europacity, an entirely new part of the city located close of the "Hauptbahnhof" main train station. With a total of 7,466 sqm, the newly constructed building also features several amenities including a stylish community space on the ground floor and a relaxing courtyard. Located in the district of Mitte, the project will be ready to welcome the first move-ins in August 2024. Designed for long-term stays, the project features 134 studios and 18 spacious apartments split between two buildings. Habyt and Montibus, the asset manager of the district on behalf of the owners, are proud to announce the opening of 182 units at Quartier Heidestraße, a new urban environment located in Europacity, one of the largest and most innovative development areas in Berlin with an impressive 61 hectare. This groundbreaking project signifies a major expansion in Habyt's portfolio and emphasizes its commitment to offering modern, convenient, and well-connected living spaces in one of Berlin's most dynamic neighborhoods. In addition, this new development is a perfect fit for our tenants, offering a modern housing solution in an exciting new area of the city.

Habyt
Berlin, Germany
Press Release General Management

Lindner Hotel Group wins German Brand Award in two main categories

The Lindner Hotel Group has received two awards in the main category Excellence in Brand Strategy and Creation for the new appearance and strategic repositioning of its Lindner Hotels & Resorts brand. The jury of the German Brand Awards explained its decision: Maintaining the balance between preservation and contemporary reinvention had succeeded outstandingly well.

Lindner Hotels AG
Germany